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Double Glazing Business For Sale

Franchise for Sale
Magnetite Adelaide
Holden Hill SA

Nineteen years of servicing South Australia with a great record for enhancing thermal and acoustic insulation of windows and doors, in both residential and commercial markets.

Price $200,000

Double Glazing Business for Sale

Stock Included: No
Stock Value: 60000
Years Est: 2001
Gross Revenue: 900000

About The Business

+ Centrally located in an industrial hub which contributes to continual growth and market success.
+ Awarded ‘Franchisee of the Year’ at the 2008 annual company conference in Adelaide.
+ Provides double glazing services to upgrade the performance of existing windows and doors without the need for replacement.
+ Offers a wide range of products to help insulate your home or office for super interior noise reduction and thermal comfort.
+ Specializing in residential and commercial buildings.
+ Long track history of serving government and commercial projects eg. hotels, schools, offices, buildings, restaurants, and heritage listed properties.
+ Provides a customized solution to suit specific customer needs.
+ Quick installation with minimal disturbance carried out by highly experienced and licensed installers.
+ Managed by one full-time owner-operator, one part-time associate, a secretary, one casual workshop assistant, and two installers.
+ Low rent of $25,000 per annum including outgoings plus GST.
+ Low royalty and advertising fee, is only 6.5% of turnover
+ No competition (exclusive and only franchise in South Australia)
+ Operating five days per week, Monday to Friday.
+ Steady growth with strong referrals.
+ High net profit and adjusted to approximately $197,000 per annum after expenses for the 2017/2018 financial year.
+ Fully equipped large workshop.
+ Two vans included in the sale.
+ Same owners for the last eighteen years.
+ Flexible franchise terms and condition to the approved purchaser
+ First time on the market.
+ Highly recommended with a great opportunity to grow further with more networking and exposure.


About The Franchise

Magnetite operates across Australia and New Zealand through a franchise network of qualified estimators and installers as well as local dealers. With the rising costs of energy and a global recognition of the importance of sustainable living Magnetite is well positioned for future growth. Magnetite's franchises & dealers include Sydney, Wollongong, Canberra, Melbourne, Adelaide, Perth, Newcastle, Central Coast and Orange.


Years Established

Magnetite Adelaide -> 2001.


Products & Services

Magnetite
`A secondary system that attaches discreetly to the inside of a window reveal. The magnetic panels create an air tight seal which provides an acoustic and thermal barrier to the outside.
Double glaze existing windows to reduce noise and improve thermal comfort

Soundtite
`The Soundtite secondary aluminium window system is specially designed to reduce noise through an existing sliding window or sliding door. The system can be designed to slide horizontally or vertically to match the existing aluminium window function and design.

Solartite
`A range of high performance solar control and low-e films that works in conjunction with Magnetite to deliver maximum performance on radiant heat reduction.

Sealtite
`A range of acoustic and weather window and door seals.


~~Competition~~
`Little direct competition. Some indirect competition. Magnetite is a retrofitted double glazing and as such targets existing building insulation upgrades. Main form of competition comes from traditional double glazing companies that target new builds, something that Magnetite is not particularly suitable for.


Premises

Warehouse, workshop, showroom, front office, back office and storage space. The current premises have been used for the past 13 years and over that time specifically customized to suit the business operations.

Expansion Potential
The current premise is perfect for the current level of turnover, but has some extra room to expand.


Location

Holden Hill. Exclusive franchise license covers all of South Australia. However, 99% of work comes form Adelaide and surrounds (within 100km of CBD).


Trading Hours

Mon-Fri (8am-4pm)


Lease

Month on month lease. This provides flexibility in case a new owner wishes to relocate the business.


Financials

Annual Turnover (circa $900K)


Employees

Managed by one full-time owner-operator, one part-time associate, a secretary, one casual workshop assistant, and two installers.


Equipment

Fully equipped large workshop.
Two vans included in the sale.


Website URL

www.magnetite.com.au


Training

Full training provided by franchisor. Great support for six months, post the settlement, by the vendor if needed.


Potential

Highly recommended with a great opportunity to grow further with more networking and exposure. High net profit and adjusted to approximately $197,000 per annum after expenses for the 2017/2018 financial year. Full contacts and data provided by previous jobs and clients. Flexible franchise terms and condition to the approved purchaser.


Reason For Sale

Two Owners. One is retiring, the other wants to pursue other interests.


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CONTACT TO BROKER

Contact Sonny’s Action Business Brokers (RLA 220473) for a confidential inspection to secure this rare opportunity.

Sonny + 0421-345-566 + action@sonnys.com.au or (gosonny@hotmail.com)

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Contact Seller

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Visit Website

Contact: Piotr Bejnarowicz
Mobile: 0421571636
Bsale ID: 228281
Agent ID: Sonny’s Action Business Brokers - RLA 220473




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